GOLD 0.51% $1,391.7 gold futures

is the gold bull over?

  1. 24,765 Posts.
    This seems a ridiculous question as all the fundamentals important for the gold bull are still in place, in fact even more bullishly for gold than ever.

    Such as massive QE in the USA and Japan. Record low interest rates - and with the European Central Bank continuing the party by lowering interest rates late last week.

    Despite the phenomenally bullish fundamentals since gold peaked over US$1900 in the second half of 2011, the gold price has been in decline, while silver has crashed more than 50% from its peak.

    And this despite demand for physical gold booming, including folks everywhere getting their gold out of bankster storage as there is an increasing realisation that if they don't do it now, tomorrow might be too late.

    But the gold price continues to defy the normal laws of supply and demand and can crash while there is record buying demand, as there are extremely powerful entities that for all intents and purposes ARE the law, that use as much paper as they desire on the paper exchanges to crush the price.

    Paper gold rules the price of physical. Paper gold also sets the price that all gold miners accept for new gold they produce from mining that is sold, and the powerful issuers of this paper don't intend to give up their power.

    Markets these days are managed.

    If the world's most powerful elite say the gold bull is over, it will be over. That's unfortunately the way of the world. If the ordinary person wants to fight these folks in a big way, then the ordinary person stands to be bankrupted or lose everything imo.

    So while the fundamentals for gold at this point in time are extraordinarily bullish, I unfortunately think there is at least a 33% chance that the gold bull is finished.
 
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